CREATING A LEADING

MID-TIER GOLD PRODUCER

TSX-V: TREK | MARCH 31, 2017

 CAUTIONARY STATEMENTS
Forward-looking information and reserve/resource estimates
This presentation does not constitute an offering of securities and the information contained herein is
subject to the information contained in the Company's continuous disclosure documents at
www.sedar.com.
Forward-looking Statements
This presentation includes certain statements that constitute "forward-looking statements", and
"forward-looking information" within the meaning of applicable securities laws ("forward-looking
statements" and "forward-looking information" are collectively referred to as "forward-looking
statements", unless otherwise stated). These statements appear in a number of places in this
presentation and include statements regarding our intent, or the beliefs or current expectations of our
officers and directors. Such forward-looking statements involve known and unknown risks and
uncertainties that may cause our actual results, performance or achievements to be materially
different from any future results, performance or achievements expressed or implied by such
forward-looking statements. When used in this presentation words such as "will", will be, create",
"creating", "intends", "expects", "expected to", "anticipated", "objective", "targeting", "targeted",
"advance", "build", "building", "increasing", and similar expressions are intended to identify these
forward-looking statements. Forward-looking statements made herein include statements derived
from the pre-feasibility study on the Aurizona Project, including, without limitation: estimated
construction costs, operating costs, cash costs, all-in sustaining cost ("AISC") per ounce, initial and
sustaining capex and other costs, estimated net present value ("NPV"), initial rate of return ("IRR"),
anticipated construction period, expected life of mine ("LOM"), estimated reserves and resources,
expected sensitivity to gold prices, expected production and other economic and operational
parameters inherent to a pre-feasibility study for a mineral project. In addition, this presentation may
include forward-looking statements relating to the anticipated results of the feasibility study for the
Aurizona Project; the anticipated Board of Directors decision to approve construction of the Aurizona
Project; the ability to raise the capital required to fund construction and development of the Aurizona
Project; the estimated costs associated with construction of the Aurizona Project; the ability to restart
production at the Aurizona Project; the timing of the anticipated restart of production; the ability to
achieve the gold production rates and costs outlined in the Aurizona pre-feasibility study; the ability
to increase throughput and production levels at the Koricancha Mill; the ability to advance exploration
efforts at Aurizona, Warintza, Ricardo and Elk Gold; and the results of exploration efforts at
Aurizona, Warintza, Ricardo and Elk Gold. This presentation also contains statements regarding
future outlook, guidance and anticipated events or results and may include statements regarding the
Companys future financial position, future exploration and development of mineral properties,
business strategy, budgets, litigation, projected costs, financial results, taxes, plans and objectives,
and the timing of targeted components of the strategic plan outlined in this presentation. We have
based these forward-looking statements largely on our current expectations and projections about
future events and financial trends affecting the financial condition of our business. These forward-
looking statements were derived utilizing numerous assumptions regarding expected project
parameters, results of operations, performance and business prospects and opportunities that could
cause actual results to differ materially from those in the forward-looking statements. While the
companies consider these assumptions to be reasonable, based on information currently available,
they may prove to be incorrect. Accordingly, you are cautioned not to put undue reliance on these
forward-looking statements. Forward-looking statements should not be read as a guarantee of future
performance or results. Forward-looking statements are based on information available at the time
those statements are made and/or management's and/or its qualified persons' good faith belief as of
that time with respect to future events, and are subject to known and unknown risks and
uncertainties, including, without limitation: the risks and uncertainties inherent to an economic study
such as the pre-feasibility study, fluctuation in commodity prices, variations in costs of supplies and
labour, the availability of financing on acceptable terms, the risks of operating in foreign countries
any non-compliance with debt covenants and other financing arrangements, uncertainties with respect
to servicing debt and those risks and uncertainties outlined in the Companys corporate disclosure and
other documents filed on www.sedar.com, that could cause actual performance or results to differ
materially from those expressed in or suggested by the forward-looking statements. To the extent any
forward-looking statements constitute future-oriented financial information or financial outlooks, as those
terms are defined under applicable Canadian securities laws, such statements are being provided to
describe the current anticipated potential of the Company and readers are cautioned that these
statements may not be appropriate for any other purpose, including investment decisions. Forward-
looking statements speak only as of the date those statements are made. Except as required by
applicable law, we assume no obligation to update or to publicly announce the results of any change to
any forward-looking statement contained herein to reflect actual results, future events or developments,
changes in assumptions or changes in other factors affecting the forward- looking statements. If we
update any one or more forward-looking statements, no inference should be drawn that we will make
additional updates with respect to those or other forward-looking statements. You should not place
undue importance on forward-looking statements and should not rely upon these statements as of any
other date. All forward-looking statements contained in this presentation are expressly qualified in their
entirety by this cautionary statement.
Technical Information. David Laing, BSc, MIMMM, Trek Mining's COO, and Scott Heffernan, MSc,
P.Geo. Trek Minings EVP Exploration are the Qualified Persons under NI 43-101 for Trek Mining and
have reviewed, approved and verified the technical content of this presentation.
Cautionary Note to U.S. Investors Concerning Estimates of Mineral Resources. These estimates
have been prepared in accordance with the requirements of Canadian securities laws, which differ from
the requirements of U.S. securities laws. The terms "mineral resource", "measured mineral resource",
"indicated mineral resource" and "inferred mineral resource" are defined in NI 43-101 and recognized by
Canadian securities laws but are not defined terms under the U.S. Securities and Exchange
Commission ("SEC") Guide 7 ("SEC Guide 7") or recognized under U.S. securities laws. U.S. investors
are cautioned not to assume that any part or all of mineral deposits in these categories will ever be
upgraded to mineral reserves. "Inferred mineral resources" have a great amount of uncertainty as to
their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed
that all or any part of an "inferred mineral resource" will ever by upgraded to a higher category. Under
Canadian securities laws, estimates of "inferred mineral resources" may not form the basis of feasibility
or pre-feasibility studies. U.S. investors are cautioned not to assume that all or any part of an inferred
mineral resource exists or is economically or legally mineable. Accordingly, these mineral resource
estimates and related information may not be comparable to similar information made public by U.S.
companies subject to the reporting and disclosure requirements under the U.S. federal securities laws
and the rules and regulations thereunder, including SEC Guide 7.
Non-GAAP Measures. This presentation refers to expected AISC and other financial measures which
are non-GAAP measures. These measurements have no standardized meaning under IFRS and may
not be comparable to similar measures presented by other companies. These measurements are
intended to provide additional information and should not be considered in isolation or as a substitute for
measures of performance prepared in accordance with IFRS.
All amounts are in US$ unless otherwise stated. Exchange rate assumed 0.76 USD:CAD.
TSX-V: TREK | 2
 ON THE PATH
Creating a mid-tier producer

Experienced team
Decades of exploration, project finance, construction and operations ~C$113 M
experience
CASH (~US$86 M) 1
Multi-asset growth company
Aurizona feasibility study nearing completion, with gold pour targeted for
year-end 2018
Gold production ramping up from the Koricancha Mill EXPLORATION
Portfolio of exploration-stage gold and copper projects UNDERWAY
Strong financial position with ~C$113 million in cash and no cash debt
Strengthened balance sheet improves Aurizona project finance flexibility
Strategic shareholder base and enhanced share liquidity FEASIBILITY Q2-2017
Broad and supportive shareholder base GOLD POUR 2018
Near-mine and district-scale exploration underway at Aurizona
Multiple drill-ready targets identified along strike from existing reserves
JV with AngloGold Ashanti to explore greenfields property
+150,000 oz
Diversified asset base creates platform for growth GOLD/YEAR 2
Vision to create a leading mid-tier producer by 2020

1. As at March 31, 2017 including marketable securities. 2. Forecast average annual gold production from Aurizona for the first five years based on the "Pre-feasibility Study TSX-V: TREK | 3
on Aurizona Mine Project, Maranho, Brazil, NI 43-101 Technical Report" with an effective date of Sept 12, 2016, plus anticipated Koricancha gold production.
 GROWTH PLATFORM WITH PIPELINE OF PROJECTS
Increasing production, exceptional exploration potential

Elk Gold Project, Canada

Exploration Aurizona Gold Mine, Brazil
Commodity: Gold FS Underway, Gold Pour Targeted for YE-2018
Status: Past producing mine,
2010 PEA, 2016 resource estimate Commodity: Gold
Resources: M&I 212 koz @ 6.32 g/t, Status: Past producing mine, FS underway,
Inf 210 koz @ 5.94 g/t 1 gold pour targeted for end of 2018
Reserves/Resources: P&P 969 koz @ 1.62 g/t,
M&I 1.6 Moz @ 1.67 g/t 2
Warintza Cu-Mo Project, Ecuador
Avg. Production: 150 koz annually for first
Advanced Exploration
5 years, 136 koz annually LoM 3
Commodity: Cu-Mo porphyry
Avg. AISC: $708/oz 3
Location: Proximate to Mirador Cu-Au
project and contiguous with San Carlos
Panantza Cu-Mo project
Resources: Inf 1.8 Blbs Cu @ 0.42%
and 132 Mlbs Mo @ 0.031% (0.61%
CuEq) 1

Ricardo Claim Block, Chile

Grassroots Exploration
Size: 16,000 ha Koricancha Mill, Peru
Target: Porphyry mineralization Increasing Gold Production
Location: 30 km south of
Chuquicamata, one of the world's Commodity: Gold
largest known Cu deposits Status: Operating processing facility with
350 tpd capacity; currently ramping up
1. See Warintza & Elk Gold Resource Estimates and Cautionary Notes. Business Model: Purchase mineralized
2. See Aurizona Reserve & Resource Estimate and Cautionary Notes. feed at a market discount from small-scale
3. Based on the "Pre-feasibility Study on Aurizona Mine Project,
Maranho, Brazil, NI 43-101 Technical Report" prepared by and artisanal miners to produce Au and Ag
Lycopodium Minerals Canada Ltd. with an effective date of September for its own account
12, 2016, a copy of which is available at www.sedar.com.
TSX-V: TREK | 4
CORPORATE SUMMARY
Capital structure and corporate information

Shares Outstanding 177,732,772 Listed Warrants @ C$3.00 2 80,466,919

Recent Share Price C$1.60 Unlisted Warrants @ C$1.45 2 34,162,967
Cash and Equivalents ~C$113 million Options @ C$1.99 2 3,487,227
Cash Debt $0 Restricted Share Units 3 3,154,775
Equity Settled Note 1 C$43 million Fully Diluted Shares Outstanding 4 299,004,660

Market Capitalization (basic) 4 C$277 million

Enterprise Value 4,5 C$164 million

Cash from Warrants and Options C$298 million

TSX-V Ticker TREK

Listed Warrants TSX-V Ticker TREK.WT

Website trekmining.com

1. Equity settled note is held by Sandstorm Gold and is convertible to shares at 20-day VWAP at company option, subject to restrictions.
2. Warrant and option exercise prices are weighted averages. Warrant numbers are shown as the number of common shares that would be
issued upon exercise of warrants. Unlisted warrants are primarily held by Pacific Road and Sandstorm Gold.
3. Restricted Share Units are shares committed to management, and issued subject to vesting terms, as part of equity-based compensation.
4. As at March 31, 2017 based on JDLs share price at close on March 30, 2017.
5. Fully diluted shares outstanding and enterprise value do not include effect of the equity settled note. Enterprise value calculated as market TSX-V: TREK | 5
cap cash + debt as at March 31, 2017.
STRENGTHENED BALANCE SHEET
Well financed, no cash debt

Pre Transaction (Luna + JDL) Post Transaction (Trek Mining)

Cash
SSL C$12 M 1
Convertible
C$43 M

Cash
C$113 M 2

Cash Debt
C$61 M

SSL
Cash Convertible
C$56 M 1 C$43 M

~C$113 M CASH 2 ~C$143 M CASH 2

Basic Fully Diluted ITM
(~$86 M) (~$109 M)

TSX-V: TREK | 6
1. Cash figures include marketable securities. 2. Cash figures include marketable securities.
SUPPORTIVE SHAREHOLDER BASE
Management and high-net-worth investors are substantial shareholders

Pre Transaction (Luna + JDL) 1 Post Transaction (Trek Mining) 1

Float Pacific Road

31% 49%

Management Float
3% 52%

Directors &
Management
Sandstorm 5%
17%
High Net
Worth
15%

Sandstorm Pacific Road

15% 13%
Float
54%

Management Market
Invested Awareness
High Net
Worth
Management 32% Increased Supportive
14% Float Shareholders
TSX-V: TREK | 7
1. Based on basic issued and outstanding and excluding unvested RSUs to current management.
EXPERIENCED LEADERSHIP TEAM
Explorers. Mine builders. Entrepreneurial.

EXECUTIVE TEAM A TRACK RECORD OF SUCCESS

Christian Milau, CEO and Executive Director
Luna Gold, True Gold, Endeavour Mining, New Gold

Greg Smith, President and Executive Director

JDL Gold, Esperanza Resources, Minefinders, Goldcorp, KPMG

David Laing, COO

Luna Gold, True Gold, Quintana Resources, Endeavour Mining

Peter Hardie, CFO

Luna Gold, True Gold, Nevsun Acquired, C$240M

BOARD OF DIRECTORS
Rob Pease, Chairman Acquired, C$650M
Sabina Gold & Silver, Terrane Metals, Richfield Ventures, Placer Dome

Dan Wilton, Director

Pacific Road Capital, National Bank Financial, General Electric

Felipe Alves, Director

Frontera Minerals Group, Rand Merchant Bank Acquired, C$1.5B
Marcel de Groot, Director
Pathway Capital

David Lowell, Director

Discovered 15 large-scale mines, American Mining Hall of Fame Acquired, C$850M
Jim ORourke, Director
Copper Mountain Mining, Canadian Mining Hall of Fame
TSX-V: TREK | 8
ADVANCING THE AURIZONA PROJECT

FEASIBILITY CONSTRUCTION GOLD POUR

Complete in Q2-2017 Targeted for mid-2017 Targeted for YE-2018

TSX-V: TREK | 9
ADVANCING THE AURIZONA PROJECT
Near-term production, exploration upside

Focused on production
Open-pit mine, produced North Waste
Ven Tailings
Storage Facility
from 2010-2015 Storage Facility
Piaba Pit
Feasibility targeted for
Q2-2017
Gold pour targeted for
year-end 2018, estimated
150,000 oz/yr for first five
years 1 ROM Pad
Permitting in place, being
modified for 8,000 tpd
processing plant Plant Site
Excellent infrastructure
with most major mine
elements in place

Aurizona Mine, January 2017

Exploration underway
Drilling near-mine targets along strike from existing reserves with the
objective of extending the mine life
District-scale exploration underway in a JV with AngloGold Ashanti

1. Forecast average annual gold production from Aurizona for the first five years based on the "Pre-feasibility Study on Aurizona Mine Project, TSX-V: TREK | 10
Maranho, Brazil, NI 43-101 Technical Report" with an effective date of Sept 12, 2016, a copy of which is available at www.sedar.com.
AURIZONA: LOW-COST GOLD MINE
Leveraging existing infrastructure

INITIAL CAPEX 1 US$M

Primary
Comminution Circuit 41 Crusher
Thickener
Plant Upgrade/Repairs 24
EPCM Costs 7
Leach
CN Destruct
Mine Fleet 21 Tanks SAG &
Mining Prep 20 Ball Mill
CIL Tanks ROM
Pad
Tailings Dam Costs 3
Owners Costs 17 Gensets Old SAG
Brazil Care & Maintenance 13 Mill

Total Initial Capital 146

69 kV
SUSTAINING CAPEX 1 US$M Substation

Tailings Dam Raises 14

Mining 25 Most major mine elements in place low capex of US$146 M
Owners Costs 5 Replacing front end of plant to process all ore types: primary
crusher, SAG and ball mills, pebble crusher, surge bin with
Closure Costs 4 temporary stockpile, upgrading power substation
Mining Salvage -1 Increased processing capacity to 8,000 tpd, improved gold
Total Sustaining Capital 47
recovery system

1. Based on the Pre-feasibility Study on Aurizona Mine Project, Maranhao, Brazil, NI 43-101 Technical Report prepared by Lycopodium Minerals
Canada Ltd. with an effective date of September 12, 2016, a copy of which is available at www.sedar.com.

TSX-V: TREK | 11
AURIZONA: EXCEPTIONAL EXPLORATION UPSIDE
~ 2,500 km2 land package

Near-mine exploration
Exploration program
underway to test near-
mine drill-ready targets on
strike with existing
reserves
Brownfields exploration
450 km2 property, limited
surface work and drilling
has identified a number of
drill targets
Touro target similar in
scale to Piaba deposit
AngloGold Ashanti
district-scale exploration
In August 2016 AngloGold
commenced exploring
~2,000 km2 of greenfields
permits must spend 14
million within four years to
earn 70% interest
Open to depth
High-grade root to the mineralized system tested up to 500m below surface;
current PFS mine plan contemplates mining to only 220 m
TSX-V: TREK | 12
AURIZONA: BROWNFIELDS EXPLORATION
Near-mine exploration underway

TATAJUBA
> 10 DRILL > 50 km CONVERTING TO
GEOPHYSICS WILL
READY TARGETS CUMULATIVE STRIKE FOCUS DRILLING
MINING PERMIT

Genipapo:
Limited drilling

Piaba North:
Undrilled

Piaba West:
Tatajuba: Potential 900m extension
4km strike; plan of Piaba deposit;
to drill in H2-2017 drilling underway

TSX-V: TREK | 13
AURIZONA: PIABA DEPOSIT
Hosts 969,000 oz P&P Reserve 1

Structurally controlled by
subvertical, strike-slip Gold mineralization hosted in single, continuous ore zone
shear zones occurring
along significant
lithological contact
between metavolcano-
sedimentary units and
intrusive rocks
Host rocks
hydrothermally altered
quartz diorite and
plagioclase-quartz diorite
rocks
Metamorphic degree
medium greenschist
Mineralization style
disseminated, stockwork
and vein-hosted sulphides
(Py>Po>Aspy) within
silicified shear zone
Hydrothermal zoning
chlorite+carbonate -
sericite+carbonate - silica
- sulphide +/- graphite
1. See Aurizona Reserve & Resource Estimate and Cautionary Notes.
TSX-V: TREK | 14
AURIZONA: PIABA WEST TARGET
Potential 900m extension to existing pit

Previous drilling at Piaba

West confirmed that
mineralization extends
beyond current pit limits

Initial definition and

exploration drilling
underway to better define
deposit extent

Plan to drill approximately

5,000m by end of April

Piaba deposit
remains open

TSX-V: TREK | 15
AURIZONA: PIABA WEST TARGET
Potential 900m extension to existing pit

Sections 1700W and 1800W illustrate continuity of the mineralized zone

to the west.
TSX-V: TREK | 16
AURIZONA: TATAJUBA TARGET
Potential 4km extension along strike from existing reserves

Section 300E illustrates the

presence of the mineralized zone.
TSX-V: TREK | 17
AURIZONA: ANGLOGOLD JOINT VENTURE
Greenfields exploration underway

AngloGold Ashanti to spend

$14M over 4 years to earn
70% interest on greenfields
properties (~2,000 km2) 1,2,3
commenced August 2016, on
track to exceed $2M
commitment in year one
AngloGold planning
greenfields drill program, and
undertaking airborne
geophysical surveys over the
entire land package Trek
will get all data
Should AngloGold earn and
decide to sell its interest in the
JV, Trek can purchase
AngloGold's interest in any
NI 43-101 compliant resources
for $10/oz

1. Aurizona Mine area including Piaba West and Tatajuba, and brownfields
project areas such as Touro, are excluded from the AngloGold JV (~450 km2).
If AngloGold's exploration is successful,
2. Greenfields properties also subject to a 2% NSR royalty to Sandstorm, subject
to Trek's right to reduce the NSR to 1% for US$10M prior to commercial
Trek could hold 30% of a major deposit
production. Mine permit and brownfields properties are subject to a gold price
dependent sliding scale 3-5% NSR royalty to Sandstorm.
or 100% of an interesting discovery
3. Once AngloGold earns in, Trek would fund future activities on a pro-rata basis.
TSX-V: TREK | 18
AURIZONA: UNDERGROUND POTENTIAL
Longer-term upside potential

SW Viewing Az 340 NE
OPEN

OPEN OPEN
~160m

~175m OPEN OPEN

~1,500m
~140m

Cutoff
Material Tonnes Au g/t Au Oz
Au g/t

Below Reserve Pit Measured1 2.0 477,000 5.02 77,000 2 g/t shell outside Reserve Pit and within
US$1400 Resource Pit
And Within US$1400 Indicated1 2.0 1,516,000 5.01 244,900
Resource Pit Inferred1 2.0 14,000 3.58 1,600
2 g/t shell outside US$1400 Resource Pit

Below US$1400
Inferred2 2.0 3,721,000 3.47 415,300
Resource Pit

1. Included in US$1400 open pit Mineral Resources. See Aurizona Reserve & Resource Estimate and
Cautionary Notes.
2. Included in Inferred Mineral Resources outside US$1400 open pit. Underground resources were evaluated
using a 2 g/t Au shell and edited to account for reasonable mineable geometries. Tonnages rounded to the
nearest 1,000 and ounces rounded to nearest 100. Differences may be present due to rounding. TSX-V: TREK | 19
 AURIZONA IS A RARE ASSET
Scarcity of near-term gold production opportunities

Estimated time to production 1

3+ Years Within 2 Years 1 Year Now in Production

400
Annual Production Profile (koz) 1

350

300

250

200

150

100

50

Annual Production 1. Based on information contained in corporate presentations, technical reports and websites.

TSX-V: TREK | 20
VALUATION CONSIDERATIONS
Capital Intensity vs IRR Sweet Spot vs Market Cap Developers

US$146 MILLION AISC IN LOWEST 43% MARGIN AT

$2,500
Capital intensity (US$Capex / oz Annual Production) 1

INITIAL CAPEX 1/3 OF INDUSTRY US$1250 AU

$2,250 Orezone
Bubble size represents
relative market
capitalization
$2,000
Lundin Gold
LOWER CAPITAL INTENSITY

Almaden
$1,750 Lydian
Sabina

Continental
$1,500 Dalradian Belo Sun

$1,250 Atlantic

TMAC
$1,000

$750
HIGHER IRR
$500
10% 15% 20% 25% 30% 35% 40% 45%

After Tax IRR (%) 1

1. Based on information contained in corporate presentations, technical reports and websites. Market cap based on stock prices at March 27, 2017. TSX-V: TREK | 21
AURIZONA PRODUCTION PROFILE
Re-rate potential on start of production

1400 180

160
1200
Market Capitalization (C$ millions) 1

140
1000

Annual Production (koz AuEq)

120

800 100

600 80

60
400
40

200

1
20

0 0
TREK Argonaut Wesdome Premier Richmont Guyana McEwen

1. Based on information contained in corporate presentations, technical reports and websites. Market cap based on stock prices at March 27, 2017. TSX-V: TREK | 22
VALUE CONSIDERATIONS
Upside potential from exploration success and project pipeline

Piaba West
Ricardo Touro
2016 PFS Aurizona NPV Koricancha
at US$1250 Au was Warintza Tatajuba
US$201 M Elk Gold

$300
The 2016 NPV excludes
the value of significant
exploration upside at
$250
Aurizona and at Trek Current
Treks other assets Enterprise Value
US$125 1
$200
Aurizona NPV Aurizona NPV
US$201 US$256
million million
$150
Current Trek Enterprise
Value is only 64% of
2016 Aurizona NPV $100

Aurizona NPV should

$50
increase with resource
expansion drill program
that is underway $0
US$1250/oz Gold Price US$1350/oz Gold Price
After-Tax Aurizona 5% NPV vs Total Enterprise Value
1. Enterprise Value calculated as market cap cash + debt as at March 31, 2017. TSX-V: TREK | 23
 KORICANCHA MILL
Custom built 350 tpd gold ore processing facility

350 tpd custom gold milling and

Asset
recovery plant

Location Arequipa, Peru

In production, increasing throughput

Status
at 20 g/t average grades
Purchase feed from third-party
Business Model miners and process for own account,
sell gold at spot price
Forecast US$5M to US$10M free
2018 Target
cash flow per year to Trek

75/25 Joint Venture with 75% Trek

Ownership
and 25% EMC Green Group

TSX-V: TREK | 24
 WARINTZA PROJECT
Copper-molybdenum porphyry deposit in southeast Ecuador

22,676 hectare copper-moly porphyry

Asset deposit in southeast Ecuador
discovered by David Lowell
Advanced exploration stage asset
Current focus on permitting and social
Status
license
Target exploration drilling in 2018
Resources: 1.807 billion pounds copper
Inferred 132.3 million pounds molybdenum

Grade 0.61% copper equivalent

Drilling 33 holes, 6,500 metres to date

60km north of Lundin Gold

Proximity to
40km north of Mirador
World-class Assets
Contiguous to San Carlos-Panantza

TSX-V: TREK | 25
 RICARDO PROJECT
Copper-molybdenum porphyry target in northern Chile

16,000 hectare copper porphyry target on the

Asset West Fissure Fault in Chile, acquired by
David Lowell
Early-stage exploration stage asset
Status Current focus on establishing a JV partner to
continue drill program
2 focused drill holes to date
Drilling Testing for faulted section of Chuquicamata
World-class porphyry potential
Proximity to
30km south of Chuquicamata, one of the
World-class
largest copper mines in the world
Assets

TSX-V: TREK | 26
ELK GOLD PROJECT
High-grade gold mineralization in Canada

High-grade gold deposit in

Asset
South Central BC

Exploration / Development
Stage
Assessing development options

51,000 gold ounces from

Past Production
1992-1995 @ 90 g/t

Resources: 211,900 ounces gold

M&I 6.32 g/t grade

Resources: 209,600 ounces gold

Inferred 5.94 g/t grade

Drilling 125,000 metres to date

TSX-V: TREK | 27
VALUE DRIVERS
Exploration underway, construction targeted for mid-2017

H1-2017 H2-2017 2018 150,000 oz

ANNUAL AVG.
PRODUCTION TARGET
YRS 1-5

Close Merger Commence Pour gold at

Rebrand as Trek Mining construction of Aurizona
Aurizona Mine Growth
Commence exploration
at Piaba West Results of Trek opportunities,
drilling at Piaba West both internal and
Aurizona feasibility study external
Results of AngloGold
Ramp up Koricancha geophysics and
gold production drilling
Aurizona construction Commence
financing exploration at
Receive Aurizona Tatajuba
expansion permit to Review and advance
8,000 tpd Warintza, Ricardo
Receive Tatajuba and Elk Gold
mining permit

TSX-V: TREK | 28
ON THE PATH
Creating a leading mid-tier gold producer

Strong leadership team

150,000 oz/year near-term production from Aurizona
Equity funding in place, construction loan facility advanced
No cash debt
Exceptional exploration upside from four projects and multiple targets
Increasing gold production from Koricancha

~C$113 M EXPLORATION FEAS Q2-2017 +150,000 oz

CASH (~US$86 M) 1 UNDERWAY GOLD POUR 2018 GOLD /YEAR 2

1. As at March 31, 2017 including marketable securities. 2. Forecast average annual gold production from Aurizona for the first five years based on the "Pre-feasibility Study
on Aurizona Mine Project, Maranho, Brazil, NI 43-101 Technical Report" with an effective date of Sept 12, 2016, plus anticipated Koricancha gold production.
TSX-V: TREK | 29
Appendix
TSX-V: TREK | 30
W. AFRICA / S. AMERICA: WORLD-CLASS DEPOSITS
Brazil geology analogous to West Africa

Aurizona is located in
a highly prospective
emerging district

South American deposits

analogous to the prolific
gold belts of West Africa

Underexplored greenstone
belts hosting orogenic gold
systems

Brazil has long mining

history and strong mining
culture (iron ore)

TSX-V: TREK | 31
AURIZONA: EXCELLENT SITE ACCESS
In mining-friendly Brazil

Good paved road access

to site from So Luis,
capital of Maranho state
(370 km) or Belm, capital
of Para state (440 km)

International flights to
Belm

Airstrip in nearby
Godofredo Viana (18 km)

Dedicated power to site

Majority of employees
from local communities

TSX-V: TREK | 32
AURIZONA: LOW-COST GOLD MINE
Feasibility study targeted for Q2-2017

2016 PFS HIGHLIGHTS 1 COST SUMMARY (LOM) 1

Gold price (Base case) $1,250/oz
All-in Sustaining Cost: $708/oz
M&I Resource 2 1.6 Moz/ 29.9 Mt @ 1.67 g/t

P&P Reserve 969 koz/ 18.6 Mt @ 1.62 g/t Reclamation &

Closure $3
Mine Life 6.5 years Sustaining Mining
Capex $50 $301
Annual Production Avg. 150,000 oz (Years 1-5) Royalties
$49
Strip Ratio / Recovery 6.2:1 / 91%
Refining &
Construction Period 18 months Transport $13

Initial Capex $146M (includes new mine fleet)

G&A $60
Sustaining Capex $47M Processing
$232
Cash Cost (after tax) $606/oz *Mining - $2/t mined

AISC (after tax) $708/oz

NPV5% (after tax) $201M ($256M at $1350/oz gold) 43% 47%

MARGIN AT MARGIN AT
IRR (after tax) 34% (40% excluding C&M costs, including mine fleet lease) $1,250/OZ AU $1,350/OZ AU
Payback (after tax) 2.6 years

1. Based on the "Pre-feasibility Study on Aurizona Mine Project, Maranho, Brazil, NI 43-101 Technical Report" prepared by Lycopodium Minerals Canada Ltd. with an
effective date of September 12, 2016, a copy of which is available on Treks website and on SEDAR at www.sedar.com. 2. Mineral resources are inclusive of mineral reserves.

TSX-V: TREK | 33
 AURIZONA: LEADING THE DEVELOPERS
Operating & financial metrics 1

OPEN-PIT DEVELOPERS: RESERVE GRADE CAPEX ($M)

1.80 $500
Reserve Grade (g/t gold)

1.60
$400

Initial Capex ($M)

1.40
1.20
$300
1.00
0.80
$200
0.60
0.40
$100
0.20
0.00 $0

AVERAGE ANNUAL PRODUCTION AFTER-TAX IRR @ $1250 GOLD

250,000 40% *
35%
200,000
30%
Ounces of Gold

150,000 25%
20%
100,000 15%
10%
50,000
5%
- 0%

1. Data sourced from company websites, presentations and technical reports. * Aurizona PFS IRR of 34% increases to 40% when care
and maintenance costs are excluded and a mining fleet TSX-V: TREK | 34
lease is included.
 AURIZONA: RESERVE & RESOURCE ESTIMATES
Mineral Resources are inclusive of Mineral Reserves

PROVEN PROBABLE TOTAL

Tonnes Grade Gold Tonnes Grade Gold Tonnes Grade Gold
Ore Type (kt) (g/t) (oz) (kt) (g/t) (oz) (kt) (g/t) (oz)
Laterite/Saprolite 721 1.59 37,000 1,852 1.04 62,000 2,573 1.19 99,000
Hard Saprolite/Transition 2,320 1.60 119,000 3,049 1.22 119,000 5,369 1.38 238,000
Fresh Rock 3,328 1.98 212,000 7,372 1.77 420,000 10,700 1.84 632,000
Total 6,369 1.80 368,000 12,273 1.52 601,000 18,642 1.62 969,000

The Mineral Reserve estimate has an effective date of June 21,

Tonnes Gold Grade Gold 2016 and is based on the Mineral Resource estimate effective on
Area Type Class (kt) (g/t) (oz) April 30, 2016. The Mineral Reserve calculation was completed
under the supervision of Gordon Zurowski, P.Eng of AGP Mining
Consultants Inc., who is a Qualified Person as defined under NI 43-
Measured 8,910 1.77 508,000 101. Mineral Reserves are stated within the final design pit based
on a $1,104 per ounce gold price pit shell with a $1,200 per ounce
Indicated 20,264 1.64 1,071,700 gold price for revenue. The cutoff grade was 0.38 g/t Au for all pit
Pit Constrained areas. The mining cost averaged $2.32 per tonne mined,
processing averages $11.30 per tonne milled and G&A was $2.84
PIABA M&I 29,174 1.68 1,579,700 per tonne milled. The process recovery averaged 90.5%. The
exchange rate assumption applied was R$3.50 equal to $1.00. The
Inferred 2,584 0.72 60,000 PFS scope only considers the Piaba and Boa Esperana open pit
mineralized zones. The Mineral Resource and Mineral Reserve
estimates contained herein may be subject to legal, political,
Outside Pit Inferred 3,721 3.47 415,300 environmental or other risks that could materially affect the
potential development of such Mineral Resources. See the
Company's press release dated September 12, 2016 and the
BOA Indicated 682 0.90 19,700 Company's latest technical report relating to the Aurizona Gold
ESPERANA Pit Constrained Project for additional information with respect to the key
Inferred 66 0.75 1,600 assumptions, parameters and risks relating to the mineral resource
and reserves estimates and other technical and scientific
information presented herein. The Mineral Resource estimate has
Measured 8,910 1.77 508,000 an effective date of April 30, 2016 and was prepared by Mr. Brett
R. Marsh, C.P.G. of Phoenix Geoscience, LLC, who is a qualified
Indicated 20,946 1.41 1,091,400 person under NI 43-101. Mineral Resources that are not included
Pit Constrained within the Mineral Reserves do not have demonstrated economic
viability. Mineral Resources are stated at the following cutoff
TOTAL M&I 29,856 1.67 1,599,400 grades for open pit: Piaba: Laterite and Saprolite at 0.30 g/t Au;
Hard Saprolite/Transition/Fresh Rock at 0.40 g/t Au. Piaba: Outside
open pit at 2.0 g/t Au. Boa Esperana cutoff grade: 0.44 g/t Au.
Inferred 2,650 0.72 61,600 Piaba topography is current as of February 28, 2015. Tonnes are
rounded to the nearest 1,000; ounces are rounded to the nearest
Outside Pit Inferred 3,721 3.47 415,300 100. Small tonnage and grade differences may be found due to
rounding.

TSX-V: TREK | 35
WARINTZA & ELK GOLD: RESOURCE ESTIMATES

WARINTZA MARCH 2013 RESOURCE ESTIMATE 1

Resource Tonnes CuEq% Cu% Copper Copper Mo% Mo Mo CuEq

(tonnes) (M lbs) (tonnes) (M lbs) (M lbs)

Inferred 194,994,000 0.61 0.42 820,000 1,807 0.031 60,000 132 2,072

ELK GOLD 2016 RESOURCE ESTIMATE 2

Resource Tonnes Grade Oz

M&I 1,042,600 6.32 211,900

Inferred 1,096,900 5.94 209,600

1. The Mineral Resource estimate has an effective date of December 21, 2012 as reported in the "Technical Report, Warintza Project, Ecuador"
completed by Peter Ronning, P.Eng. and Steven Ristorcelli, C.P.G. with an effective date of December 21, 2012 and a completion date of March
27, 2013. The Mineral Resource calculation was completed under the supervision of Peter Ronning, P.Eng. and Steven Ristorcelli , C.P.G., who
are Qualified Persons as defined under NI 43-101. The reported resource is at a cut-off of 0.3 CuEq. Copper equivalent calculations were made
for reporting purposes. The copper equivalent grade for copper plus molybdenum was calculated as CuEq(%) = Cu(%) = (6*Mo(ppm)/10000).
Copper-equivalent calculations reflect gross metal content and have not been adjusted for metallurgical recoveries or relative processing and
smelting costs. The copper equivalent grades were used only for establishing cut-off grades for reporting.

2. The Mineral Resource estimate has an effective date of August 22, 2016 as reported in the "Technical Report on Resources of the Elk Gold
Project" completed by Robert Wilson, P.Geo., Gary Giroux, P.Eng. and Antonio Loschiavo, P.Eng. with an effective date of August 22, 2016.
The Mineral Resource calculation was completed under the supervision of Gary Giroux, P.Eng., who is a Qualified Person as defined under NI
43-101. The potential open pit resources were evaluated using the Maptek Vulcan v9.1.1 Lerchs-Grossman algorithm software. The constrained
resource was calculated using a gold price of US$1232/oz. Any blocks within the constrained shell were reported using a 1.0 g/t cut-off and any
blocks below the LG shell surface were reported using a 5.0 g/t cut-off. The grade reported is the average grade of the resource both in and
below the pit.

TSX-V: TREK | 36
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